Black Businesses Grew at 3 Times the National Rate

A lack of capital and connections still hampers success for African-American entrepreneurs.

(Continued from Page 1)

Despite the wounds caused by the recession, Harry C. Alford, president and CEO of the National Black Chamber of Commerce, is optimistic. "The amount of new entrepreneurs with remarkable skill sets will overcome any losses incurred by business failure or downturn," he says. "Capitalism is catching on like wildfire in the African-American community."

Frank McCoy writes about business and technology for The Root.

Like The Root on Facebook. Follow us on Twitter.

The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.
The Root 100 People's Choice Awards  
Sept. 19 2014 8:34 AM